The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Ridgewood NJ, Elon Musk says Tesla is working to achieve same-hour service on its vehicles using Formula 1 pit crew techniques. Tesla is aiming to make the majority of appointments same-day repairs. It will achieve that goal with bigger centers and more specialization, with each service center having service bays that perform very specific services.
the staff of the Ridgewood blog
Ridgewood NJ, Relativity Space and Impulse Space are launching a mission that will land on the surface of Mars in less than three years. It will be the first-ever commercial mission to Mars. Relativity’s Terran R rocket, which will carry the mission, will be more powerful than SpaceX’s Falcon 9. Impulse is developing space thrusters that use a less toxic alternative to the fuels typically used by spacecraft.
SpaceX is Elon Musk’s company who famously said ,’I’d like to die on Mars, just not on impact’ during a keynote address in 2013.
the staff of the Ridgewood blog
Ridgewood NJ, Elon Musk has terminated his agreement to buy Twitter , less than three months after reaching a deal to acquire it.
the staff of the Ridgewood blog
Ridgewood NJ, Elon Musk was hit with a $258 billion lawsuit that alleges the tech mogul and his high-profile companies “are engaged in a crypto pyramid scheme by way of dogecoin cryptocurrency.”
Continue reading Elon Musk sued for $258 billion over Promoting dogecoin ‘pyramid scheme’
the staff of the Ridgewood blog
Jack Dorsey has left the board of Twitter. Dorsey resigned from his CEO position last fall. He is friendly with Elon Musk and has discussed rolling over his 2.4% ownership stake in Twitter into Musk’s takeover deal. Dorsey’s next move remains unclear.
Continue reading Former CEO Jack Dorsey has Left the Board of Twitter
the staff of the Ridgewood blog
Ridgewood NJ, Twitter’s board has accepted an offer from billionaire Elon Musk to buy the social media company and take it private, the company announced Monday. The stock closed up 5.64% for the day after it was halted for the news.
the staff of the Ridgewood blog
Ridgewood NJ, Elon Musk has laid out how he will fund the $46.5 billion purchase of Twitter. Musk will receive loans from Morgan Stanley worth $25.5 billion and cover the remaining $21 billion with his own funds. While Musk is the richest person on the planet, most of his net worth is tied up in Tesla stock. Twitter has not formally responded to Musk’s offer, but the company’s board of directors has approved measures to block the hostile takeover.
the staff of the Ridgewood blog
Ridgewood NJ, Elon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately. Twitter shares jumped 12% in premarket trading after closing at $45.85 a share on Wednesday.
Continue reading Elon Musk Offers to Buy Twitter for $54.20 a Share
the staff of the Ridgewood blog
Ridgewood NJ, Elon Musk made a series of tweets on Saturday night, raising questions about the Twitter platform and the future of the company. He noted that the most popular accounts on Twitter are not very active and that bots were skewing Twitter’s active user numbers. Musk suggested that Twitter Blue subscribers should get an authentication checkmark and be excluded from seeing ads. He also suggested that Twitter’s home base be converted to a homeless shelter.
Continue reading UPDATE: Elon Musk Raises More Questions About a Big Shake-Up at Twitter
the staff of the Ridgewood blog
Ridgewood NJ, Elon Musk has purchased a 9% stake in Twitter. Musk raised questions on whether the platform was undermining democracy and restricting free speech in recent weeks. He had considered starting a rival social media network. US security regulators have fined Musk for his tweets in the past. Musk is still facing heavy pressure from the SEC over his tweets.
Continue reading Elon Musk just became Twitter’s largest shareholder with a 9% Stake
the staff of the Ridgewood blog
Ridgewood NJ, Elon Musk has asked his Twitter followers to vote on whether he should sell 10% of his Tesla shares. The poll is a response to a proposed billionaires tax, which may see billionaires paying taxes on unrealized gains even if they do not sell any stock. Critics of the law argue that the value of assets does not always go up. Musk does not receive a cash salary or any bonuses, so the only way for him to pay tax is to sell stock. He has an option that expires in August next year to buy 22.86 million Tesla shares at $6.24 each. Elon Musk should have taken Comedian Dave Chappelle advise ,” Twitter Is Not A Real Place”.
the staff of the Ridgewood blog
Ridgewood NJ, Elon Musk’s primary home is a $50,000 prefabricated home manufactured by housing startup Boxabl. Boxabl specializes in easy-to-construct housing modules. Musk’s home is roughly 400-square-foot and located near SpaceX’s launch facility in Texas. He rents the house from SpaceX. Musk also owns a house in the Bay Area.
Continue reading Elon Musk is living in a prefab house that sells for just under $50,000
Revealed: Elon Musk’s Plan to Build a Space Internet
By Ashlee Vance January 16, 2015
Because he doesn’t have enough going on, Elon Musk—he of Tesla Motors, SpaceX, SolarCity, and the Hyperloop—is launching another project. Musk wants to build a second Internet in space and one day use it to connect people on Mars to the Web.
Musk is tonight hosting a SpaceX event in Seattle, where the company is opening a new office. The talk will mostly be about SpaceX’s plans for hiring aerospace and software engineers in the Pacific Northwest to boost the company’s rocket-building efforts. But he’ll also use the talk to announce his newest idea, which would launch a vast network of communication satellites to orbit earth. The network would do two things: speed up the general flow of data on the Internet and deliver high-speed, low-cost Internet services to the three billion-plus people who still have poor access to the Web. “Our focus is on creating a global communications system that would be larger than anything that has been talked about to date,” Musk told Bloomberg Businessweek ahead of the announcement.
The Space Internet venture, to which Musk hasn’t yet given a name, would be hugely ambitious. Hundreds of satellites would orbit about 750 miles above earth, much closer than traditional communications satellites in geosynchronous orbit at altitudes of up to 22,000 miles. The lower satellites would make for a speedier Internet service, with less distance for electromagnetic signals to travel. The lag in current satellite systems makes applications such as Skype, online gaming, and other cloud-based services tough to use. Musk’s service would, in theory, rival fiber optic cables on land while also making the Internet available to remote and poor regions that don’t have access.
https://www.businessweek.com/articles/2015-01-17/elon-musk-and-spacex-plan-a-space-internet
